Table 20.

Comparative year wise ranking of the Alternatives based on Tobin’s Q scores.

Alternatives	Rank								Rank_2020–21
	2013–14	2014–15	2015–16	2016–17	2017–18	2018–19	2019–20	Aggregate
A1	14	16	17	19	21	19	20	18	23
A2	24	25	25	25	24	24	25	25	25
A3	17	18	15	16	12	10	10	14	15
A4	2	2	3	5	6	8	5	4	4
A5	20	20	18	18	18	21	21	20	20
A6	13	15	14	14	14	12	12	13	11
A7	6	6	6	8	4	4	3	6	5
A8	27	27	26	26	25	25	24	26	24
A9	16	14	19	17	16	14	11	15	8
A10	30	30	30	30	30	30	30	30	30
A11	11	13	13	6	7	7	6	8	6
A12	26	26	27	27	26	27	27	27	28
A13	12	12	12	12	10	9	8	10	10
A14	7	9	7	11	11	11	13	9	13
A15	1	1	1	2	1	1	9	1	9
A16	21	21	21	21	20	20	17	21	17
A17	25	24	24	24	23	23	23	24	22
A18	28	28	28	28	28	28	29	28	29
A19	10	8	8	7	9	5	4	7	3
A20	4	3	2	3	3	3	2	2	2
A21	5	4	5	1	2	2	1	3	1
A22	23	23	23	22	19	17	18	22	19
A23	15	11	10	9	8	16	16	11	16
A24	19	17	16	15	13	13	14	16	12
A25	8	7	9	10	27	26	26	17	26
A26	29	29	29	29	29	29	28	29	27
A27	9	10	11	13	15	15	15	12	14
A28	3	5	4	4	5	6	7	5	7
A29	22	22	22	23	22	22	22	23	21
A30	18	19	20	20	17	18	19	19	18